Latest / Early Edition with Ryan Bridge / Full Show Podcast: 26 August 2025

Transcript

Full Show Podcast: 26 August 2025 · Early Edition with Ryan Bridge

0:01
Speaker 1: The issues, the interviews and the inside. Ryan Bridge on
0:05
Speaker 1: an earlier is show with One Root Love where you
0:08
Speaker 1: Live News Talks.
0:09
Speaker 2: It'd be Good Morning Tuesday. It is six half of
0:11
Speaker 2: five Sam stubs on Banking Capital. This morning. We're in
0:14
Speaker 2: Australia for the Mushroom. Lady updates self employed retirement savings.
0:19
Speaker 2: There's a gap, we ask why and how to fix it?
0:21
Speaker 2: And a new report out this morning says universities are
0:25
Speaker 2: throwing a grades around like Oprah with cars all but
0:28
Speaker 2: willy nilly, what's behind that? That's first up here on
0:31
Speaker 2: early edition.
0:34
Speaker 1: The Agenda.
0:34
Speaker 2: Tuesday, the twenty sixth of August, more journalists killed by
0:37
Speaker 2: an Israeli strike on a hospital in Gaza. They worked
0:40
Speaker 2: for AP, Reuter's and Al Jazeera.
0:42
Speaker 3: Journalists are present in a lot of health facilities because
0:46
Speaker 3: they are covering the mass casualty incidents that occur every
0:50
Speaker 3: minute of every day in Gaza, so they're always present
0:53
Speaker 3: outside the emergency department. It certainly seemed a targeted attack,
0:58
Speaker 3: as have many overs twenty two months, directly targeting both
1:02
Speaker 3: members of the media and protected civilian infrastructure such as
1:07
Speaker 3: hospitals and other health facilities.
1:09
Speaker 2: To the White House, Trump is currently hosting and setting
1:11
Speaker 2: down with South Korea's president. Actually, Glenn and I were
1:14
Speaker 2: just talking about their having a press conference at the moment.
1:16
Speaker 2: How much gold there is in the Oval Office. We
1:18
Speaker 2: know Trump likes gold. He's sort of doubled or even
1:21
Speaker 2: trebled the amount of gold that is behind them in
1:24
Speaker 2: the photo ops. Anyway, they still have to flesh out
1:27
Speaker 2: these two leaders details of the trade deal that they
1:29
Speaker 2: announced in July. Defense on the agenda.
1:31
Speaker 4: Too, in terms of what's been already agreed in terms
1:34
Speaker 4: of trade so earlier in the year. In July, actually
1:37
Speaker 4: Trump reduced tariffs from twenty five percent to fifteen percent,
1:40
Speaker 4: which is a huge deal for automobile makers such as Hondek,
1:43
Speaker 4: Yeah and Genesis. At the same time, South Korean chip
1:47
Speaker 4: makers like Samsung and s K Heinix have also benefited
1:51
Speaker 4: thanks to their factories in the US, but industries like
1:54
Speaker 4: steel and aluminium still face steep tariffs.
1:57
Speaker 2: Five forty five. This morning, we're across the Tatsman with
1:59
Speaker 2: Leslie Yeoman on the Mushroom Killer Lady. She's back in court,
2:02
Speaker 2: the sole survivor. His name's Ian Wilkinson. He spoke about
2:06
Speaker 2: his wife, Heather. She died after eating the beef Wellington.
2:09
Speaker 5: She was a great mother, compassionate, brave and kind. Mister
2:14
Speaker 5: Wilkinson told the court, I only feel half alive without her,
2:17
Speaker 5: He said, breaking down is a truly horrible thought that
2:21
Speaker 5: somebody could decide to take her life.
2:24
Speaker 2: Sentencing eighth of September for her and what does she
2:27
Speaker 2: have in her prison cell? Really weird part of the story.
2:29
Speaker 2: I'll tell you about that later on the show.
2:32
Speaker 1: The first word on the News of the Day early
2:35
Speaker 1: edition with Ryan Bridge and one roof Love where you Live.
2:39
Speaker 2: News Talks, I'd be nine two ninety two is the
2:41
Speaker 2: number of text love to hear from you this morning.
2:43
Speaker 2: But complicated this banking stuff. But basically they one of
2:46
Speaker 2: the reserve bankers proposing that they loosen the capital requirements
2:50
Speaker 2: for your retail banks. That's how much money they have
2:53
Speaker 2: to keep on hand, which costs them to do right,
2:57
Speaker 2: there's an opportunity cost of them not using that cash
3:00
Speaker 2: for lending, which would generate revenue, which would generate profits.
3:03
Speaker 2: So the less they hold, the more it costs them. Sorry,
3:09
Speaker 2: the more they hold, the more it costs them. But
3:11
Speaker 2: the less they hold, the risky of the system is
3:13
Speaker 2: if things go tips up and suddenly everyone wants their
3:16
Speaker 2: money and the banks can't afford to pay because they
3:18
Speaker 2: don't have enough capital. Then that's a problem. So the
3:21
Speaker 2: Reserve Bank's getting a bit looser and proposing to get
3:24
Speaker 2: a bit looser again on now that Adrian All's out
3:27
Speaker 2: the door on how much they have to hold. And
3:31
Speaker 2: this will affect competition in the banking sector. It will
3:33
Speaker 2: and could affect economic output of the country because there
3:36
Speaker 2: would be more money to lend. So they're consulting on
3:39
Speaker 2: this at the moment. Government's keen. Farmers are keen. The
3:43
Speaker 2: Commerce Commission's keen. They had that report last year. The
3:46
Speaker 2: Finance and Expenditure Committee, they're keen, they said on Friday,
3:49
Speaker 2: we told you that yesterday. The banks obviously are keen.
3:53
Speaker 2: The rules at the moment are amongst the strictest of
3:56
Speaker 2: countries that we would compare ourselves to. So Sam's Stubbs
4:00
Speaker 2: from Simplicity has a view on this, he joins us
4:03
Speaker 2: before six John ten after five. Now, this morning I
4:07
Speaker 2: happened to cross an article about our favorite couple, Harry
4:11
Speaker 2: and Meghan. They're just shameless, you know, no one likes them.
4:16
Speaker 2: They have to make money though don't they because they're
4:18
Speaker 2: not getting they're not able to suck on the British
4:20
Speaker 2: teat any longer. So and they need to keep paying
4:23
Speaker 2: for the nanny, and they need to keep nannies, I
4:26
Speaker 2: should say, if you've seen the shows, and they need
4:28
Speaker 2: to keep paying for the groundskeepers in their Montecito mansion.
4:31
Speaker 2: So the latest iteration of the latest idea of being floated.
4:35
Speaker 2: And I don't know whether there's flying a kite with
4:38
Speaker 2: this or what, but apparently they are considering a Netflix
4:41
Speaker 2: show about Princess Diana. I know, you go, oh, you cringe,
4:48
Speaker 2: and I was thinking about this this morning. You do
4:51
Speaker 2: cringe and you think, gosh, that's exploitative all that stuff.
4:55
Speaker 2: But it's also his mum. You know, it's his mother.
5:00
Speaker 2: If he wants to talk about her, then that's his prerogative.
5:03
Speaker 2: She's not public property any longer. The thing would rate
5:08
Speaker 2: its tits off, you can be sure of that. So
5:10
Speaker 2: I don't know. I think, yes, it feels a bit ecky,
5:13
Speaker 2: but at the same time, it's not my mother. It's
5:16
Speaker 2: his mother, so it's probably his choice in life to
5:18
Speaker 2: make Eleven minutes after five News Talks VB, we'll talk
5:21
Speaker 2: about this new report next on universities. If your kid's
5:24
Speaker 2: got an A at UNI? Is it really an A?
5:28
Speaker 1: Get ahead of the headlines on early edition with Ryan
5:32
Speaker 1: Bridge and one roof Love, Where You Live, News Talks VB.
5:36
Speaker 2: News TALKSB. It's fourteen minutes after five. The data continues
5:39
Speaker 2: to be all over the place a little bit at
5:41
Speaker 2: the moment. You did we actually shrink in the June quarter?
5:44
Speaker 2: The blip that everyone's been talking about the reserve band
5:46
Speaker 2: reckons we did? They told us the other day we
5:49
Speaker 2: went backwards. They used to make point three percent. But
5:52
Speaker 2: then yesterday you get the stats in Z data out
5:55
Speaker 2: on retail sales volumes. Surprisingly, they lifted for June up
6:00
Speaker 2: point five percent for the quarter. That's up two point
6:03
Speaker 2: three percent from a year ago. So you go, what's happening?
6:06
Speaker 2: What's happening? Well, the data is just all over the place.
6:09
Speaker 2: You know, did the recovery actually stall or did it
6:13
Speaker 2: just flatten? We will find out on the eighteenth of September.
6:16
Speaker 2: That's when we get our actual June data and we
6:18
Speaker 2: can be sure. It's fourteen after five. Newstalks at b
6:22
Speaker 2: Ryan Bridge. Is an A grade today worth the same
6:25
Speaker 2: as an A grade? Twenty years ago. A new report
6:28
Speaker 2: out this morning from the New Zealand Initiative shows the
6:30
Speaker 2: proportion of A grades given out at universities has increased
6:34
Speaker 2: seven percent to thirty five percent. This is since two
6:37
Speaker 2: thousand and six and during COVID get this, nearly half
6:40
Speaker 2: of all marks were a's. So are we just giving
6:44
Speaker 2: out as willing Nelly Elizabeth A Data is Sociology of
6:47
Speaker 2: Education professor at the University of Auckland with me. Now,
6:49
Speaker 2: good morning, Oh good morning, Ryan, Good to have you
6:53
Speaker 2: on the program. Tell me what are we just handing
6:56
Speaker 2: these A grades out? Or are the standards dropping or
7:00
Speaker 2: students getting smarter?
7:02
Speaker 6: Well, I think the really good thing about the Cursted
7:06
Speaker 6: report is that from the New Zealand Initiative is that
7:09
Speaker 6: it actually gives us some empirical data which we've needed
7:14
Speaker 6: for a long time. So we know now we've got
7:17
Speaker 6: the got the evidence that there is a problem, and
7:20
Speaker 6: I think it's time to have a really close look
7:23
Speaker 6: at all the factors that have produced this problem, because
7:27
Speaker 6: you know, I've been at the University of Auckland for
7:31
Speaker 6: four decades now and yeah, it's my experience that this
7:35
Speaker 6: has happened, But I haven't had the evidence until now,
7:38
Speaker 6: so it's really good to see the report.
7:41
Speaker 2: Why is it happening?
7:44
Speaker 6: Oh gosh, Well, lots of factors, but what I think
7:46
Speaker 6: it boils down to is that there's been a real
7:49
Speaker 6: cultural shift over the last twenty thirty years from merit
7:53
Speaker 6: to equity, the idea that everyone should succeed, you know,
7:58
Speaker 6: the equal outcomes approach, and that's and that has been
8:04
Speaker 6: anticipated by NCA, so that we've now got the we've
8:12
Speaker 6: got students expecting to receive a's and not realizing that
8:16
Speaker 6: you actually have to work extremely hard and you have
8:19
Speaker 6: to have real ability and a subject to get an
8:22
Speaker 6: A and not everyone does. But as I say, over
8:25
Speaker 6: the last few decades, there's been an assumption that everyone
8:29
Speaker 6: should be able to achieve the same standard.
8:33
Speaker 2: Some academics apparently have said that they've been told instructed
8:37
Speaker 2: by their faculty to give a's to people who basically
8:40
Speaker 2: just for showing up. Have you heard of anything like
8:42
Speaker 2: that happening.
8:44
Speaker 6: I've heard about it. My own experience is that there's
8:48
Speaker 6: just a societal pressure and the students they feel the
8:54
Speaker 6: pressure to that they expect to get highmarks. It's what
8:59
Speaker 6: they've encountered at secondary school in the NCAA. You know
9:04
Speaker 6: they will take subjects. Not all students, of course, but
9:09
Speaker 6: a number do take subjects where they can be sure
9:12
Speaker 6: that the subject isn't too demanding that they will get
9:16
Speaker 6: a high mark. So there's this sort of culture of
9:20
Speaker 6: expectation that is not really founded in the actual ability
9:26
Speaker 6: and the hard work of all students.
9:29
Speaker 2: Elizabeth, what's a really quick way to work out who
9:31
Speaker 2: is actually an A level student?
9:34
Speaker 6: Oh gosh, well, it's to get them to write essays
9:36
Speaker 6: and to do external exams.
9:39
Speaker 2: Appreciate your time this morning, Elizabeth at Artzer, Sociology of
9:41
Speaker 2: Education professor at the University of Auckland. Time now is
9:45
Speaker 2: eighteen minutes after five. What proportion of self employed people
9:48
Speaker 2: do you think if you had to guess this morning,
9:51
Speaker 2: what proportion of self employed people are making? Key we
9:55
Speaker 2: save a contributions saving for their retirement. I'll tell your
9:58
Speaker 2: next news talk set B.
10:01
Speaker 1: On your radio and online on iHeartRadio early edition with
10:05
Speaker 1: Ryan Bridge and One Route Love where you Live news talks.
10:09
Speaker 2: They'd been five twenty on news talks, they'd be We'll
10:11
Speaker 2: get to Sam Stubbs before six. On the bank capital
10:14
Speaker 2: requirement changes, what does it mean for all of us
10:16
Speaker 2: first self employed people. A bit of a warning for
10:19
Speaker 2: you this morning from the Retirement Commission self employed people
10:23
Speaker 2: investing less than half the amount into their retirement than
10:26
Speaker 2: that of employees, meaning they could miss out on your
10:29
Speaker 2: government contributions. If it's KIWI Saver. James Fuller is the
10:32
Speaker 2: Henry CEO joins me. Now, Hey, James, Hey, good morning.
10:36
Speaker 2: This is not surprising, right because it's optional.
10:40
Speaker 7: It is, it's not surprising. But I think with the
10:42
Speaker 7: recent changes in the twenty twenty five budget, the problem
10:46
Speaker 7: that we're going to face is that fewer and few
10:48
Speaker 7: are self employed are going to contribute to kiwisaver now
10:51
Speaker 7: that the government contribution has been halved.
10:53
Speaker 2: Do you think it's an education thing or a cost
10:56
Speaker 2: of living thing.
10:58
Speaker 7: I think it's a combination of the two. I think
11:00
Speaker 7: self and point are fully aware that they can voluntarily
11:03
Speaker 7: pay in today's see favor, but I think the challenge
11:05
Speaker 7: becomes that there's no incentive for them to do so.
11:08
Speaker 7: So over the last three years, eighty nine percent of
11:11
Speaker 7: government contributions towards KII Saver have gone to salaried employees
11:15
Speaker 7: and only seven percent have gone to the self employed.
11:18
Speaker 7: And that's very stark at contrast, so the fact that
11:20
Speaker 7: there are twenty percent of the workforce of self employed.
11:23
Speaker 7: So it's a real disparity there from what the government
11:25
Speaker 7: is doing.
11:26
Speaker 2: When someone because on your app, when someone opts out
11:30
Speaker 2: of Kiwi Savor, do you try and tell say to them, hey,
11:34
Speaker 2: don't do that. Here's the potential implications of that.
11:39
Speaker 7: We provide a lot of education to our customers. We
11:42
Speaker 7: don't give them advice around these sorts of things, but
11:44
Speaker 7: we do encourage them to get financial advice. I think
11:47
Speaker 7: the key thing though, is that a lot of people
11:49
Speaker 7: are opting out simply because the government is not contributing
11:53
Speaker 7: as much as they were. So now that government contribution
11:57
Speaker 7: has been halved, we've seen a large number of self
12:00
Speaker 7: employed people decide, actually, I'm going to try and put
12:03
Speaker 7: my money elsewhere. And the danger there is that they
12:05
Speaker 7: start putting their money into maybe sort of higher risk,
12:09
Speaker 7: shorter term investments, and that means that they won't have
12:12
Speaker 7: enough retirement savings. And you know, it's a bit of
12:15
Speaker 7: a short term a stress strategy from the government, because
12:17
Speaker 7: long term, we're potentially creating a generation of soul traders
12:20
Speaker 7: who are going to become a burden on the state
12:23
Speaker 7: when they come to retirement age because they won't have
12:24
Speaker 7: any savings.
12:26
Speaker 2: Or they could. I mean, the soul traders are often
12:28
Speaker 2: quite smart people and think for themselves. They might have
12:33
Speaker 2: other alternative investment options that they think, as you say,
12:36
Speaker 2: this one's not giving me what it used to do,
12:38
Speaker 2: I'm going to move it over here and it's a
12:40
Speaker 2: long term thing and I'm going to make more money
12:42
Speaker 2: out of it.
12:44
Speaker 7: Yeah, yeah, absolutely right. Soul traders are incredibly resilient about
12:46
Speaker 7: this kind of stuff. You know, after ki we save.
12:49
Speaker 7: The most common place for them to put their money
12:51
Speaker 7: is specialist savings accounts, which is sort of thirty two
12:54
Speaker 7: and a half percent of them are putting money aside
12:55
Speaker 7: in savings. There the challenge with that, we're seeing interest
12:58
Speaker 7: rates dropping, so the value of those special savings accounts
13:02
Speaker 7: is dropic and doesn't provide some of the financial stability longer.
13:06
Speaker 6: Term that seems like que savor do.
13:07
Speaker 7: So we should really encouraging everyone across New Zealand to
13:10
Speaker 7: be paying into.
13:12
Speaker 2: That quis savor.
13:12
Speaker 7: And actually sometimes it's down to the government to actually
13:15
Speaker 7: provide a level of as you said, education, level of
13:17
Speaker 7: incentives to actually get from twelve people back onto.
13:20
Speaker 2: The Kii Saver train. James, appreciate your time. Thanks, thanks
13:24
Speaker 2: so much for coming on the show. James Fuller the
13:26
Speaker 2: Henry CEO with us this morning, twenty three minutes after five.
13:28
Speaker 2: I've always wondered why there isn't a more flexible option
13:31
Speaker 2: as well for Kiwi Saver. You know, why can't you
13:35
Speaker 2: contribute one percent or two percent? Why does it have
13:38
Speaker 2: to be a minimum of three? It was surely it
13:41
Speaker 2: would be better than zero. You know, nine two nine
13:44
Speaker 2: two is the number to text. Time is five twenty four.
13:48
Speaker 2: Big debate last night for the Tamaki Makodo by election.
13:51
Speaker 2: I was tuned in. I'll fill you in on what happened.
13:54
Speaker 1: Next the early edition Full the Show podcast on iHeartRadio
13:58
Speaker 1: powered by Newstalks Ever.
14:02
Speaker 2: News Talk ZB. It is five twenty six. At the
14:04
Speaker 2: rate it's going this by election could cost Labor the
14:06
Speaker 2: real election. Penny Henada is popping out policies toxic to
14:10
Speaker 2: the general electorate, but very popular with the ten thousand
14:13
Speaker 2: odd voters that he will need to win Tammocky Mikoto. First,
14:16
Speaker 2: it was bringing back the gang patches. You would have
14:18
Speaker 2: heard about that. Labor then had to hose that down
14:22
Speaker 2: left Middle New Zealand scratching their heads though, didn't it
14:24
Speaker 2: Because we've been there, done that with gangs where over it.
14:27
Speaker 2: We just want them sorted. Labour lost the war on
14:30
Speaker 2: crime and with it the mandate to govern. You might
14:33
Speaker 2: think it's an issue that they would just steer clear of,
14:35
Speaker 2: but not Penny, Labour's electoral kryptonite. Last night he was
14:39
Speaker 2: back at it. I was watching the debate well with
14:42
Speaker 2: Ordine and Penny, which was actually quite a good debate.
14:45
Speaker 2: I enjoyed it. Penny was asked about the cost of
14:47
Speaker 2: living and he said that when Labor was in power,
14:51
Speaker 2: they were in talks with EWI to build a third
14:54
Speaker 2: supermarket chain across the country to compete with the duopoly.
14:58
Speaker 2: Last Night's said they'd support it again if elected. Here
15:03
Speaker 2: is what he said.
15:04
Speaker 8: When we were last in power, we were working closely
15:06
Speaker 8: with EWE to introduce a third grocery provider into the
15:09
Speaker 8: market to allow our funder to experience cheaper cope and
15:13
Speaker 8: to make sure that EWE are part of delivering the
15:15
Speaker 8: answer for our finance.
15:16
Speaker 9: So are you talking about a Kiwi Kai supermarket chain?
15:19
Speaker 8: We're talking about EWE leaded New Zealand chain that will
15:22
Speaker 8: supply our funder.
15:23
Speaker 2: Ere we lead, but funded by hope. This is the question,
15:27
Speaker 2: what does support mean? Does that mean taxpayer funding? In
15:31
Speaker 2: twenty twenty three they were talking about doling out loans,
15:35
Speaker 2: maybe even grants or taxpayer support to secure land for
15:39
Speaker 2: a third entrant. Now, there's nothing wrong with an e
15:41
Speaker 2: WE lead supermarket chain. There's nothing wrong with a third
15:44
Speaker 2: chain at all. Hell, we would all like to see that.
15:47
Speaker 2: But do we want it to be taxpayer supported? That's
15:50
Speaker 2: the question. If private capital can't make it work at
15:53
Speaker 2: these prices, what chance would the state have. The problem
15:57
Speaker 2: with this stuff is it feeds that perception. The only
16:00
Speaker 2: response labor has to anything is more money, throw more money.
16:05
Speaker 2: Can we build anyone? There's a philosophical question here which
16:09
Speaker 2: Hipkins needs to answer. But of course Hipkins isn't answering
16:11
Speaker 2: in questions because he's got a ban on policy till
16:15
Speaker 2: at least Christmas Ryan Bridge, twenty eight After five News
16:20
Speaker 2: Talks B nine two nine two the number, Ryan. I
16:23
Speaker 2: work with a lot of self employed tradees. This is
16:25
Speaker 2: about retirement savings from Graham, Good morning Graham. While I
16:29
Speaker 2: think some may be investing for the future, most seem
16:32
Speaker 2: to be putting their spare cooint into their pokey plans,
16:35
Speaker 2: so not really come on, Graham, Craig's more sensible says,
16:38
Speaker 2: why would a self employed person invest in key we
16:41
Speaker 2: saver when a lot of us have debt for our businesses.
16:43
Speaker 2: We invest in paying off debt when we can. Thanks Craig, Craig,
16:46
Speaker 2: appreciate your feedback this morning. I really don't want to
16:50
Speaker 2: do this to you. In fact, i'll I'll do it
16:52
Speaker 2: when we come back from news. But there was a
16:54
Speaker 2: story out yesterday which reinforces everything you hate about local councils.
17:00
Speaker 2: It's to do with a party that was held in
17:03
Speaker 2: Auckland and my blood was boiling yesterday afternoon, so I'll
17:07
Speaker 2: bring that. I'll read that to you next. Also, Auckland's
17:10
Speaker 2: getting a new McDonald's. Sorry, Monica, I know you said
17:13
Speaker 2: no you didn't want one. Well some of you didn't
17:14
Speaker 2: want one. And Monica, there's a big, brand spanking new
17:18
Speaker 2: drive through Comington Newmarket. One heck tear in size and
17:22
Speaker 2: non notified. Two News Talk, said b Sam Stubbs on
17:26
Speaker 2: Banking before six.
17:33
Speaker 1: News and Views you trust to start your day, It's
17:37
Speaker 1: early Ediship with Ryan Bridge and one roof love where
17:41
Speaker 1: you live.
17:42
Speaker 2: News Talk SEDB, good morning, it is twenty four away
17:51
Speaker 2: from six year on news Talk, said B. It is Tuesday,
17:54
Speaker 2: and we'll get to the banking capital changes of the
17:56
Speaker 2: proposed changes just before six this morning. Also Ourustralia correspondent
18:00
Speaker 2: Liz the Yeomans will join us. This is why people
18:03
Speaker 2: hate counsels. I promised I talked to you about this.
18:06
Speaker 2: I read this story yesterday. My blood was boiling spending
18:09
Speaker 2: our rates money on basically private piss ups cocktail party.
18:13
Speaker 2: This was to celebrate the centenary of the Nathan Homestead
18:16
Speaker 2: and Pookie Pooky didn't invite you and me, we were
18:21
Speaker 2: No one sent us an invite. It was a private event.
18:24
Speaker 2: Counselors were there, Who's who were there, all doled up,
18:27
Speaker 2: dressed to the nines and punching back liquor that we
18:30
Speaker 2: paid for. Thirteen thousand dollars was the build. This was
18:33
Speaker 2: in twenty twenty four and there was a jazz band.
18:37
Speaker 2: They even had nineteen twenties swing dancers, all of this
18:41
Speaker 2: amazing stuff. While we're struggling to put food on the table,
18:44
Speaker 2: they're all just chugging back cocktails that we've paid for
18:49
Speaker 2: the Monay day were local boarders, the group that you
18:52
Speaker 2: want to be mad at. Thank you very much for
18:54
Speaker 2: your kind donations. Auckland our rates, by the way, nearly
18:57
Speaker 2: six percent last year. It is twenty three away from
19:00
Speaker 2: six shadow Our reporters Jamie Cunningham for Duned and Jamie
19:04
Speaker 2: good morning, Good morning, Hey, this is great news. The
19:07
Speaker 2: first two of my favorite things, potatoes and ice cream
19:10
Speaker 2: and a potato ice cream now available on our shelves.
19:14
Speaker 10: You so an Otago polytic project has grown into a
19:17
Speaker 10: commercial venture, with the unique ice cream now being turned
19:20
Speaker 10: out in Dunedin. Second year Culinaries art students were challenged
19:24
Speaker 10: with developing products that could help reduce waste and now
19:28
Speaker 10: they're reused food from the Heartland Potato Chip Factory and
19:31
Speaker 10: Timidoo to create mud which is a blend of milk
19:35
Speaker 10: and spud and a dark chocolate chip crunch ice cream
19:38
Speaker 10: is now available today. The first batch of the ice
19:41
Speaker 10: cream goes on sale at Patties and Creams to Dunedin
19:44
Speaker 10: stores from today.
19:46
Speaker 2: All the dark chocolate chip one sounds good. How's your
19:49
Speaker 2: weather there, Jamie.
19:50
Speaker 10: Well, it's another fine day in Donedan with light winds
19:53
Speaker 10: and a high of.
19:54
Speaker 2: Fourteen nice one. Thank you. Hey Claire, how are you?
19:57
Speaker 5: I'm well?
19:57
Speaker 2: How are you very well? What's going on with this
20:00
Speaker 2: festival in the security breach?
20:02
Speaker 11: Yeah, hundreds of keen punters to the Rolling Meadows Festival
20:05
Speaker 11: have been caught up in this breach.
20:07
Speaker 8: Ryan.
20:07
Speaker 11: Around three hundred and ten pre sale reminder emails were
20:11
Speaker 11: sent out yesterday, but to the wrong recipients now. Details
20:15
Speaker 11: included in the email were the likes of the last
20:18
Speaker 11: four digits of the payment card, the expiry date, the
20:21
Speaker 11: card type. There was also the wrong person's email address
20:25
Speaker 11: and full name included. This is the New Year's festival
20:28
Speaker 11: that's moving to christ Church this year after being very
20:31
Speaker 11: popular out near Wipeader since twenty twenty one. Ticketing operator
20:35
Speaker 11: flickt have taken full responsibility for this fault. They do
20:39
Speaker 11: say they immediately disabled all impacted links and have added
20:43
Speaker 11: some safeguards to prevent this from happening again.
20:45
Speaker 2: Goodness, May. How's your weather, Claire.
20:48
Speaker 11: Foggy again today, a bit of low cloud hanging around,
20:50
Speaker 11: but breaking up this afternoon, Light winds and the high
20:53
Speaker 11: will be eleven.
20:54
Speaker 2: All right, Thank you and Max and Wellington. Max. Good morning,
20:57
Speaker 2: Good morning the Loafer's Lodge a Q. We're learning more
21:01
Speaker 2: about this individual. Is the case day one?
21:05
Speaker 9: Yeah yeah, This murder trial now underway in Wellington. No
21:08
Speaker 9: defense of insanity declared, which was suspected by a few people.
21:12
Speaker 9: Five counts of murder accused for lighting the fire that
21:15
Speaker 9: killed five people in twenty twenty three. The Crown alleges
21:18
Speaker 9: this man, who obviously has name Suppression, lit the fire
21:22
Speaker 9: just because he didn't want to live there anymore. He'd
21:24
Speaker 9: been there for a week. He wanted accommodation somewhere else.
21:27
Speaker 9: He lit one fire under a couch, He left the building,
21:30
Speaker 9: residents put that out and when I suppose when he
21:34
Speaker 9: realized the building hadn't burned down, he came back, had
21:36
Speaker 9: to be let back into the building by someone else.
21:38
Speaker 9: He returned to the third floor, and the Crown alleges
21:41
Speaker 9: he took some cushions into a cupboard and lit another
21:44
Speaker 9: fire that would prove deadly. Fire and emergency were called
21:49
Speaker 9: in once black smoke started to fill the building. They
21:52
Speaker 9: managed to rescue a lot of people. We heard from
21:53
Speaker 9: a senior firefighter yesterday they managed to get a lot
21:56
Speaker 9: of people out, but that firefighter believes any on the
22:00
Speaker 9: third floor had basically no chance of surviving. Some early
22:04
Speaker 9: criticism of fire and emergency as well well. Within fire
22:06
Speaker 9: an emergency not having available a taller aerial appliance which
22:10
Speaker 9: might have helped them fight the fire a little better.
22:13
Speaker 9: More than one hundred witnesses to be called over the
22:15
Speaker 9: next five weeks. Okay, how's the weather nex fine today
22:18
Speaker 9: with north least fourteen the high central. Thank you Neivas
22:21
Speaker 9: and Oakland never good morning, good morning. Now it's off
22:24
Speaker 9: to the pub tonight to hear about cutting edge research.
22:27
Speaker 12: Absolutely. So, what is happening Auckland University's free is called
22:31
Speaker 12: Raising the Bar event and it's starting at six pm.
22:35
Speaker 12: What will happen is that the lecturers they're doing twenty
22:38
Speaker 12: talks and ten bars. So the topics include you know,
22:42
Speaker 12: any everything from space, laser's, AI, robot surgery everything. Karen
22:47
Speaker 12: Thompson is the organizer. She says it's going to be
22:49
Speaker 12: a huge range of expertise on display. This is a
22:52
Speaker 12: chance for the lecturers to get out the fun way
22:54
Speaker 12: of doing it, you know, and to let the public know.
22:59
Speaker 12: She says, there's going to be a lot of fun
23:00
Speaker 12: things and in particular there's a three D printing professor
23:03
Speaker 12: who's going to get people thinking about you know what,
23:05
Speaker 12: imagine a future wire your kitchen could be printing your
23:08
Speaker 12: steak dinner.
23:11
Speaker 2: That's quite cool the idea. Yeah, like a like a
23:15
Speaker 2: university lecturer with a beer.
23:16
Speaker 12: That's right, exactly.
23:18
Speaker 2: What's not to like? Better conversation than probably you'd have
23:21
Speaker 2: with your friends at the pub. How's our weather? Neither cloudy?
23:24
Speaker 12: Chards for shower. Seventeen is the high here in Auckland,
23:27
Speaker 12: but warmer, but warmer today.
23:28
Speaker 2: It is nice and warm. There's a bit of a
23:30
Speaker 2: cloud cover this morning. Never, thank you, good to see you.
23:32
Speaker 2: Eighteen minutes away from six News talks, there'd be we'll
23:34
Speaker 2: get to Leslie Yeomans on the mushroom lady. And the
23:38
Speaker 2: sentencing is going to happen in a couple of weeks,
23:39
Speaker 2: so we'll know how long she gets then. In the meantime,
23:44
Speaker 2: I thought it was interesting yesterday to learn what exactly
23:47
Speaker 2: is in her cell and I'll tell you what it
23:50
Speaker 2: is she has. She's refused the chaplaincy services, but the
23:56
Speaker 2: court heard that she has in her cell a straighter
24:00
Speaker 2: and a fan, and I thought, man, if you have
24:03
Speaker 2: been convicted for murder. I'm just surprised they you have
24:07
Speaker 2: a hair straightener and a fan in your prison cell.
24:10
Speaker 2: Quite shocked, not only because it's potentially a weapon and
24:15
Speaker 2: also potentially a bit dangerous. But whenever she was on
24:19
Speaker 2: the outside, it never looked like she'd straightened to her here,
24:21
Speaker 2: you know. Anyway, I looked up the New Zealand Corrections
24:24
Speaker 2: website to see what exactly you're allowed in a cell
24:28
Speaker 2: in New Zealand. It's except in some circumstances, offenders are
24:33
Speaker 2: allowed to have certain approved items, including a radio or
24:37
Speaker 2: a CD or tape player. So that's taking your way back.
24:40
Speaker 2: Good morning if you're listening from the sales this morning,
24:43
Speaker 2: an electric jug or a flask, that's surprising. They're allowed
24:47
Speaker 2: a fan too. A limited number of books and magazines.
24:50
Speaker 2: Well there should be an unlimited number of books. Surely
24:52
Speaker 2: that's what you want people in prison to be doing. Anyway.
24:55
Speaker 2: You're also allowed some limited personal toilet, tree, sanitary items,
25:01
Speaker 2: that kind of stuff, but it all has to be
25:02
Speaker 2: checked before prison staff before you take it in. So
25:05
Speaker 2: there you go. Seventeen away from six News talk z
25:09
Speaker 2: Be Australia.
25:10
Speaker 13: Next.
25:11
Speaker 2: Smart property investors think in decades, not years. Building a
25:15
Speaker 2: strong property portfolio takes time, and it also takes the
25:18
Speaker 2: right financial partner. And that's where A and Z comes in.
25:21
Speaker 2: They are passionate about empowering kV property investors to achieve
25:25
Speaker 2: their goals, their ambitious goals, long term goals. Whether you're
25:29
Speaker 2: acquiring your first investment property or whether you're in existing
25:32
Speaker 2: and you're diversifying, A and Z delivers the specialist support
25:36
Speaker 2: and the financial solutions that you need. Big news for investors,
25:41
Speaker 2: A and Z has introduced a ten year interest only
25:44
Speaker 2: repayment on home loans that could help you manage your
25:46
Speaker 2: property investment strategies. For some investors, choosing interest only repayments
25:50
Speaker 2: could unlock portfolio advantages, improve your cash flow position, potentially
25:55
Speaker 2: maximize your tax benefits as well, so there's lots to it.
25:59
Speaker 2: A and z's mobile mortgage managers bring deep market knowledge,
26:02
Speaker 2: innovative thinking, and competitive rates to their client relationships. A
26:06
Speaker 2: and Z provides the financial foundation that could help you
26:09
Speaker 2: build a property investment portfolio for the long run. Search
26:12
Speaker 2: A and Z Property investment to find out how A
26:15
Speaker 2: and Z could help you. A and Z lending criteria,
26:17
Speaker 2: teas and season fees apply minimum thirty percent deposit may
26:21
Speaker 2: apply for property investment lending.
26:24
Speaker 1: International correspondence with ENZ and Eye Insurance, Peace of Mind
26:28
Speaker 1: for New Zealand business.
26:30
Speaker 2: Third thing to six, Let's go to Australia. Leslie yeomans
26:33
Speaker 2: Our Australia correspondent with us this morning, Leslie, Good morning.
26:36
Speaker 10: Morning Ryan.
26:37
Speaker 2: Now the Aaron Patterson in court. A lot of attention
26:40
Speaker 2: paid to the fact it's the mushroom lady in court,
26:43
Speaker 2: but actually the victims yesterday spoke and the sole survivors spoke.
26:48
Speaker 2: It was quite heartbreaking stuff.
26:50
Speaker 14: It was very, very emotional. It was the start of
26:53
Speaker 14: a two day pre sentence hearing for Aaron Patterson and
26:58
Speaker 14: the pre sentence hearing gives people who were affected by
27:02
Speaker 14: the crime the chance to present their impact victim impact statements.
27:08
Speaker 14: Now among them yesterday was survivor of that fateful dinner
27:12
Speaker 14: that Ian Wilkinson who lost his wife Heather, Gail and
27:17
Speaker 14: John Patterson and sorry he lost his wife Heather and
27:21
Speaker 14: Gale and Don Patterson also died after eating the poison
27:24
Speaker 14: beef Wellington that was prepared by Patterson back in twenty
27:28
Speaker 14: twenty three. Now Patterson also became emotional while Ian Wilkinson
27:33
Speaker 14: was reading out his statement where he spoke about his
27:39
Speaker 14: wife Heather and how he missed her, but he also
27:44
Speaker 14: then forgave Patterson and that that was a very emotional
27:50
Speaker 14: time because he said he didn't want to become her victim.
27:55
Speaker 14: He wanted to take that away from her. He wanted
27:58
Speaker 14: to be the Now Patterson's estranged husband, Simon, also prepared
28:05
Speaker 14: a statement for the court. He wasn't present. It was
28:09
Speaker 14: presented for him on his behalf and he expressed his sadness,
28:15
Speaker 14: had how he missed his parents and his aunt more
28:19
Speaker 14: than words can express, and how his children were also
28:23
Speaker 14: suffering from that day and Patterson's actions. Now Patterson is
28:28
Speaker 14: facing life in prison. A date for her sentence could
28:34
Speaker 14: be set on about September eighth, and that's when her
28:39
Speaker 14: team and she will have time, have twenty eight days
28:43
Speaker 14: given to them then where they will decide if they're
28:46
Speaker 14: going to prepare for an appeal.
28:50
Speaker 2: Appreciate your time. Leslie Yeoman's our Australia correspondent with an
28:53
Speaker 2: update on the Aaron Patterson trial. Sorry are sentencing there
28:58
Speaker 2: It is ten to six. The arbian Z's giving capitals
29:02
Speaker 2: a second lock. This is for the banks after pressure
29:05
Speaker 2: from the government looking at easing the requirements so banks
29:07
Speaker 2: don't have to lock away as much from emergencies. Could
29:10
Speaker 2: free up money for home loan, small business lending, farmers.
29:13
Speaker 2: That sort of stuff. Could also give smaller banks a
29:15
Speaker 2: shot at competing with the big players. Sam Stubbs simplicity
29:18
Speaker 2: founded with me this morning, Sam, Good morning, good a Ryan.
29:21
Speaker 13: How are you making good?
29:22
Speaker 2: Thank you? Does this really make the system potentially make
29:27
Speaker 2: the system riskier?
29:30
Speaker 13: Are in a very very small way. The Reserve Bank
29:34
Speaker 13: will still maintain extremely close control over anyone who calls
29:37
Speaker 13: themselves a bank and takes deposits. One of the interesting
29:40
Speaker 13: thing about banking, Ryan, is anyone can make a loan.
29:43
Speaker 13: You don't have to be a bank to make a loan,
29:44
Speaker 13: but you do have to be a bank to take
29:45
Speaker 13: a deposit. And they've lowered the requirements. You've got to
29:49
Speaker 13: put up five million dollars, not thirty million dollars, but
29:51
Speaker 13: that will be of capital, but that'll be very very
29:54
Speaker 13: tightly monitored, and it will actually cost a lot more
29:56
Speaker 13: than that to run something called a bank. So at
29:59
Speaker 13: the margin, years are not not really so.
30:01
Speaker 2: The current rules well, they look to be a bit
30:04
Speaker 2: harsh when you compare them to our countries. We like
30:07
Speaker 2: to compare ourselves.
30:07
Speaker 13: To sort of. I mean, we've got very safe banks,
30:15
Speaker 13: but we've also got massively profitable banks. And you know,
30:18
Speaker 13: I read these recommendations. To be honest with you, it
30:20
Speaker 13: feels to me like the Reserve Bank we're having their
30:22
Speaker 13: own twisted. That they don't really want to do this,
30:24
Speaker 13: but the politicians have been lobbied very effectively by the
30:27
Speaker 13: banks into saying, look, you know, we need to have
30:30
Speaker 13: lower cost of capital. In the history of banking in
30:33
Speaker 13: New Zealand is as soon as banks say costs, they
30:35
Speaker 13: actually take it straight to their profit. They don't give
30:37
Speaker 13: it back to the customers. You know, you've seen that
30:39
Speaker 13: with bank branches. For example, your mortgage didn't go down
30:42
Speaker 13: because they were saving a whole lot of money closing
30:44
Speaker 13: closing rural branches. So this is something the banks want,
30:48
Speaker 13: so you have to be very suspicious of it. They
30:50
Speaker 13: lobbied very heavily for this. You've got to ask themselves
30:52
Speaker 13: what's their motivation. I doubt their motivation is going to
30:54
Speaker 13: be lower mortgages and higher term deposits. I think this
30:57
Speaker 13: is a way of them seeing how they another way
31:00
Speaker 13: of increasing their their profits and In fact, the Reserve
31:03
Speaker 13: Bank themselves said, look, these recommendations we're making, or you're
31:06
Speaker 13: asking us to make, might save people maybe six one
31:10
Speaker 13: hundreds to fourteen one hundreds of one percent in their
31:13
Speaker 13: mortgage rate. So it's going to make a very very
31:15
Speaker 13: small difference at the margin, if at all. I personally
31:18
Speaker 13: think the banks will take this to profit. You know,
31:20
Speaker 13: they've already had very high capital requirements recently, and what
31:24
Speaker 13: have they done. You've seen their profits go up, so
31:26
Speaker 13: we'll imagine what they'll do if their cost of doing
31:29
Speaker 13: business goes down. Do you really trust them to give
31:31
Speaker 13: that back to the consumer? I don't. Good point.
31:35
Speaker 2: Good point, Sam, Appreciate your time, Sam Stubbs, Simplicity Founder
31:39
Speaker 2: with some context. Eight to six news talks, there be
31:42
Speaker 2: Marke next the.
31:44
Speaker 1: News you Need this morning and the in depth analysis
31:47
Speaker 1: Early edition with Ryan Bridge and One Room Love where
31:51
Speaker 1: you Live.
31:51
Speaker 2: News talks, they'd be five to six news talks. There
31:54
Speaker 2: be TVNS is upward Sky for the fifth of World
31:56
Speaker 2: Cup next year, and this means that they're going to
32:00
Speaker 2: subscriber function, so you'll have to pay to watch it.
32:02
Speaker 2: Mike's in the studio with us, Mike Love to know
32:04
Speaker 2: what you think that.
32:06
Speaker 15: I will be having the CEO on this morning. What
32:08
Speaker 15: I think about this is interesting because they don't I mean,
32:11
Speaker 15: I'm not accusing them of anything, but how did they
32:13
Speaker 15: do their numbers? So you've got a bunch of free stuff,
32:16
Speaker 15: so the all whites will be free. That's where your
32:17
Speaker 15: real money is, right, So if you put the all
32:19
Speaker 15: whites behind a paywall, so that's free, so they're making
32:21
Speaker 15: no money from that. They're then relying on what your
32:24
Speaker 15: obsessives who buy the whole package. So in other words,
32:27
Speaker 15: you buy the package for the whole World Cup and
32:29
Speaker 15: you're the expats, so the poems will buy the poems,
32:32
Speaker 15: et cetera. And so that's where your money. So how
32:34
Speaker 15: much do you bring in do you think, because that's
32:37
Speaker 15: guesswork versus how much did you bid in the first place?
32:40
Speaker 15: And did you bid too much to get the rights?
32:41
Speaker 15: And did you get carried away? Did the emotion come
32:43
Speaker 15: into it? You know what I'm saying. They're not experts
32:45
Speaker 15: in the field. Skycrack Sky do this all the time.
32:48
Speaker 15: They'll know what it's worth.
32:49
Speaker 2: What about the idea of a company that the taxpayer
32:53
Speaker 2: owns bidding in charge?
32:55
Speaker 15: You've got nothing to do with it, because at the
32:57
Speaker 15: end of the day, they're a commercial entity and they've
33:00
Speaker 15: got to make some money, and they're on the cusp
33:01
Speaker 15: of making money or not making money depending on what's
33:03
Speaker 15: going on in the economy at any given time. And
33:05
Speaker 15: it's the future. And so what you're going to find
33:08
Speaker 15: which I find because I'm an NFL fan right and
33:10
Speaker 15: the way that the NFL is splitting their sport up
33:13
Speaker 15: at the moment and the different operators and where you
33:15
Speaker 15: have to go and what you pay and how you
33:17
Speaker 15: do it is becoming a nightmare asum.
33:19
Speaker 2: We're same with just watching a movie or watching you
33:23
Speaker 2: need one hundred different substrict exactly.
33:25
Speaker 15: So you'll you'll need if you want to watch the
33:26
Speaker 15: World Cup, you've got to have TV and Z will
33:27
Speaker 15: pay team in Z. But is that ESPN or is
33:30
Speaker 15: it the BBC or is it Sky Television or is
33:33
Speaker 15: it Disney and so it goes, So anyway, will talk
33:35
Speaker 15: to her about that.
33:36
Speaker 2: I mean, good on them. Yeah, they're doing something exactly,
33:39
Speaker 2: so they need to.
33:40
Speaker 15: Be competitive in the ever changing landscape.
33:42
Speaker 2: So we'll talk to her after seven o'clorellion mic is
33:45
Speaker 2: with your next Have a fantastic day. Everybody. I will
33:47
Speaker 2: be back tomorrow at five See Then.
34:00
Speaker 13: For more.
34:00
Speaker 1: Fam earlier edition with Ryan Bridge. Listen live to News
34:04
Speaker 1: Talk SETB from five am weekdays, or follow the podcast
34:07
Speaker 1: on iHeartRadio